1Llama Token (OLT): Revolutionizing Auto Collision Coverage
We are launching OLT to fuel our fight against the auto insurance industry and high auto premiums! No more Delay, Deny and Defend! We want a better plan to get our safe drivers back on the road! Join a community that is by the people for the people!
What One Llama Tokens (OLT)
One Llama Tokens (OLT) are the backbone of our ecosystem. OLTs are used for rewards for save driving and when referring other members. When you purchase the 1Lama miner for your car, you can mine for OLTs with your car.
Special Rewards for Early Adopters
Be one of the first 500 members to join and receive double the OLT tokens! This exclusive offer is our way of saying thank you for being an early supporter.
OLT Rewards for being a Member
Easy Sign-Up
Sign up for a plan in just a few minutes to begin earning OLTs.
Airdrop
Get double OLT for the first 500 members that sign up. Earn more OLTs when you refer a friend. And the sooner you sign on the more bonus OLTs you earn.
Flexible Rewards
Redeem your OLTs or hold onto them as the OLT value increases as our members growth and members driver safer.
The History of Mutuality
1
Ancient Times
Communities formed mutuality programs to share and cover losses. Trust was built on personal relationships, with low costs and decentralized management.
2
Industrial Revolution
As groups grew larger, professional managers were hired, leading to the modern insurance industry. This solved scalability issues but introduced new limitations.
3
Internet Era
Online platforms revived mutuality concepts, reducing costs and improving member growth. However, true ownership and decentralization remained elusive.
4
Blockchain Era
1Llama leverages blockchain technology to create a truly decentralized, transparent, and member-owned mutuality protocol.
Problems with Modern Insurance
High Costs
Insurance is criticized for being expensive, with high friction costs and misaligned incentives leading to increased loss costs.
Perceived Unfairness
Less than 6% of policyholders file claims annually, leaving many feeling they've spent money without benefit. This leads to high rates of uninsured drivers.
Lack of True Ownership
Mutual insurance companies claim policyholder ownership, but members have little opportunity to exercise ownership rights or receive dividends.
1Llama Labs Foundation: How It Works
1Llama aims to build a blockchain-based decentralized mutuality protocol offering a revolutionary alternative to auto collision insurance. Our vision is to reduce costs and human involvement through smart contracts.
1
Member Pledges
Members deposit stablecoins as a pledge donation to cover potential accident losses within the community.
2
Smart Contract Management
A set of smart contracts execute donations based on protocol rules, ensuring transparency and efficiency.
3
Contribution Rewards
Members earn OLT for good driving behavior, referrals, and community participation.
Governance and Community Ownership
Decentralized Decision-Making
1Llama aims to be fully decentralized, with all members having a say in the project's direction. Governance token holders can submit proposals and vote on key decisions.
Transparent Operations
Smart contracts and blockchain technology ensure full transparency in all protocol operations, from donations to token distributions.
Service and Claims Process
1
Report Damage
Members report eligible damage through 1Llama's claims number
2
TPA Verification
Third-Party Administrators verify eligibility, validity, and loss amount within 24 hours.
3
Donation Disbursement
Verified losses are covered by weekly sharing disbursed directly to the repair shops.
Join the Future of Auto Protection
Cost-Effective
Potential for significant cost savings compared to traditional insurance.
Community-Driven
Be part of a decentralized network that rewards good driving and mutual support.
Transparent
Blockchain technology ensures full visibility into all protocol operations.
Innovative
Experience the cutting edge of decentralized finance and community-driven protection.
Distribution Plan for OLT
*No US citizens are allowed to participate in the private token sales except US accredited investors.
1Lama Timeline
1
Airdrop
Join our community and earn OLT
2
Sign Up 500 Cars
The first 500 customers to sign up for Llama auto plans will receive double bonus OLTs.
3
Token Listing
After reaching the 500 plan milestone, OLTs will be listed on Defi exchanges
4
List on Defi Exchanges
OLTs will be listed on expanded exchanges allowing for trading and increased visibility.